David & Ramona Blalock, Independent Watkins Associate 386886

Home Based Business Benefits

Serenity Beach

Serenity Beach

Benefits of a Home Based Business

This is not a “definitive list” by any means. Just a few of the reasons I chose to start a home based business. Also keep in mind that this list of benefits applies to my Summit Group/Watkins home based business; while there are many benefits to working part-time from home, not all opportunities have the same benefits. That being said, understand this; there are many ways to success, be it personal, professional or spiritual.

Home Based Business Secret

The “secret” is finding the one that works for you. Consider for a moment “Weight Loss” diets or programs. You have Nutrisystem, Jenny Craig, Weight Watchers, etc. Do they work? Yes & No. Just look at the testimonials, you see people that made it work. But, if you stop using the system (Kirstie Alley) then the answer is no. Watch the asterisk *Results not typical. Why are the results not typical? Because most people “typically” don’t work the system. IF you work the system, the system will work. The common denominator in ass success scenarios is YOU. You have to find the system that works for you, then throw cauti0n to the wind and “Work the System.” It really is that simple. With that disclaimer out of the way, here we go:

  • Part-time: Most of us don’t have the luxury of being able to walk away from our full-time job. As a result for us to build a successful home based business requires the ability to work it part-time. While working a business opportunity part-time is a benefit, there is a danger. It is important to spend time EVERY day on your business. Even if only for ten minutes. If you say “tomorrow I’ll do it”, to often tomorrow never comes.
  • Residual Income: Probably easiest the least understood concept about having a home based business, and conversely the most important. Simply put, in the traditional job market, you go to work and you get paid. Stop working and so does the pay. In a business that allows for a residual income you will continue to earn money in the future for work that you do now. If for example¬† you get sick or take time off for a vacation, you continue to receive income. Actors, writers & musicians all belong in the category of residual income. There are many home based businesses that allow you to tap into the residual income benefit.
  • Work from home: I know, it’s redundant: working a home based business from home, but I want to emphasize what a HUGE benefit that is. The flexibility to earn an income from the convenience of your own home is fantastic. No commute, traffic or grid lock. And depending on the business, no inventory, billing, shipping, employees or co-workers. Need to take the kids to the Dr.? Done, It’s your business and your decision.
  • Online business: What’s better than having a home base business? One that you can build online! While building your business online is not the most common way most home entrepreneurs work, it is one that is gaining popularity. Not too many years ago door-to-door and person-to-person were the only options. With the advent of the internet, the ability to reach more people quicker became available.
  • Free online training: Obviously this is not a benefit for every business opportunity you look at, but it should be one you highly consider. The reason being it offers you total flexibility to build your business at your pace. You don’t have to wait for when your mentor is available to show you “the ropes.” By the same token as your working towards building a residual income, you are able to point others to the online training, freeing you to expose more people to the opportunity.
  • Free Marketing Website: This is another category that not every home based business opportunity you look at will offer. I can tell you from personal experience that it is quite nice! For the curious you can check my marketing website I received for free here: DB46.com. The main purpose for this site is to sift the wheat from the chaff. Because I’m primarily building my business online, it’s important for me to know which people are actually serious about building a home based business and the ones that are just “tire kickers”. My free website offers all the details of the business for free online, to those that are serious about a business, and the ones that find it is the right fit for them at this time are the ones I work with.
  • Support from successful mentors: This one is kinda a no brainer. To have a successful business it’s important to work with people that have a successful track record. You need an opportunity that is tried and true along with people that can offer you the support you need because they’ve “been there & done that.”
  • Spending time with family: While money is a benefit from working from home in building your business, being able to spend time with your family is another. It is often the key ingredient to having success. The desire to be with your family more, and there support in that endeavor are paramount in your success.
  • Flexible: The flexibility to work your home based business part-time while still taking care of the other priorities in your life are key. This key will allow you to unlock the full potential of the opportunity you have chosen.
  • Cash Now option: Typically building a residual income is a long term proposition. That being said, it is nice if you have the option to also earn some “Now Money” as you build the residual side of the business.
  • No selling required: Some people love to sell. It’s in there blood, they can’t help it. Most of us though don’t fall into that category. Having a home based business you can build without having to sell is a HUGE benefit to a lot of us.
  • Multiple methods to market: Not being tied down to just one way to reach people is another benefit of building your business. Be it classified ads, online ads, blogs, banner ads, door-to-door, catalog, business cards, mailers or whatever, it’s nice to have options.
  • Tax advantages: This is one area that I do NOT recommend DIY. When it comes to taking advantage of the tax benefits of having your own home based business, it is best to have a qualified professional on your side. As you research this particular benefit, you will see that is well worth your while to have a professional on your side.
  • Personal Growth: I’m sure you’ve heard the saying: “The definition of insanity is doing the same thing over and over, but expecting different results”. In a nutshell this is saying that when you look at the things that you’ve tried in the past that didn’t work, be open minded. Most of us will find that the common denominator in these sceanarios is us. Take the Nutrisystem analogy above. All of those systems will work, but if you’ve tried them all and they didn’t, you probably need to look in the mirror. If you continue to do what you’ve done, you’ll continue to get what you’ve gotten, are you happy with “what you got?” If not, consider working on yourself while your working on your business.
  • Free Audio training: Another one of those benefits that is not offered by all opportunities you may look at. But,I can tell you from personal experience it’s an awesome one to have. I am able to learn techniques for building my home based business in time that usually would have gone to waste. While driving to and from my day job, I have the ability to learn from mentors who have built there successful businesses over the years. Valuable training that wouldn’t be available otherwise.
  • Trusted time-tested business model: Most people look in the wrong places when trying to find a business opportunity. Most are looking for the newest most hyped visible thing out there. Be cautious though, here are some sobering statistics: 80% of all businesses fail within the first five years. To ensure the greatest success in any endeavor you look at, consider if they have the track record to back it up.
  • Turnkey paint-by-numbers system: Having the “perfect” business opportunity is useless if you don’t have a simple step-by-step turnkey system you can follow. Want to know the real reason McDonald’s is #1 in their industry? How are they able to have minimum wage teens running their million dollar businesses. Simple, they have a step-by-step turnkey proven system for doing everything they do. From making the fries to mopping the floors, every McDonald’s does it the same way.
  • Ultra-low start up: While having a proven system that can earn you money is important, it’s also important for it to be within your means. If you want a successful business you can always start a McDonald’s, the franchises are still available. Most of us probably don’t have a Million or so dollars that we can part with though. Along with the potential in your home based business, the ability to start it with minimum up-front investment is crucial.

So there you have it, a few of the benefits of having your own home based business. Now all you have to do is take the next step. I wish you the best in whatever opportunity you find to further your goals for yourself and your family.

David Blalock
Bronze Trailblazer Consultant #386886
E-mail me

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